ECB risk ratings find banks wanting

Less than half of the lenders evaluated as part of the European Central Bank’s 2019 risk assessment scored highly, with all-purpose firms faring the worst.

The watchdog’s annual Supervisory Review and Evaluation Process (SREP) scores banks on their risk management, governance, business model and other factors from one to four, with four being the worst. 

Of the banks assessed in 2019, 49% had a score of two, down from 52% in the previous year and in 2017. No banks have achieved a score of one